DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- May corn is down 1 3/4 cents per bushel, May soybeans are down 9 3/4 cents per bushel. May KC wheat is down 6 3/4 cents per bushel, May Chicago wheat is down 8 1/4 cents per bushel and May Minneapolis wheat is down 10 1/4 cents. The Dow Jones Industrial Average is down 216.42 points at 43,404.74. The U.S. Dollar Index is up 0.070 at 106.38. April crude oil is down $0.32 per barrel at $68.61. As we head into the close grain and soy markets continue to fall in unison, led by soybeans and wheat. Liquidation ahead of first notice day for March delivery, favorable South American weather and tariffs are weighing on values. The Trump administration indicated that Mexico and Canada tariffs would wait until April. Rumors at midday have China canceling some Argentine wheat.

Posted 10:35 -- May corn is down 1/4 cent per bushel, May soybeans are down 8 1/4 cents per bushel. May KC wheat is down 8 1/2 cents per bushel, May Chicago wheat is down 9 cents per bushel and May Minneapolis wheat is down 9 3/4 cents. The Dow Jones Industrial Average is up 119.66 points at 43,740.82. The U.S. Dollar Index is up 0.050 at 106.36. April crude oil is down $0.01 per barrel at $68.92. Grain and soy markets are all lower now, with soybeans and wheat extending losses. Tariff talk, the advancing Brazilian harvest and beneficial Argentine weather is combining to weigh on values. Bean oil is down hard for the fourth consecutive day as biodiesel margins have fallen.

Posted 08:36 -- May corn is up 4 1/2 cents per bushel and May soybeans are down 2 cents per bushel. May KC wheat is up 1 1/2 cents per bushel, May Chicago wheat is up 1 3/4 cents per bushel and May Minneapolis wheat is down 1 cent. The Dow Jones Industrial Average is down 23.29 points at 43,597.87. The U.S. Dollar Index is up 0.200 at 106.50. April crude oil is down $0.03 per barrel at $68.90. Corn starts out very firm and wheat is modestly higher early Wednesday while beans are down a bit and bean oil is under heavy pressure. We will see if corn and wheat can recover as they both remain in solid uptrends. Weather remains neutral to mostly bearish in South America.

Livestock

Posted 11:40 -- April live cattle are down $0.93 at $194.8, March feeder cattle are up $0.15 at $274.375, April lean hogs are up $1.28 at $87.85, May corn is down 1 1/2 cents per bushel and May soybean meal is down $1.00. The Dow Jones Industrial Average is down 15.99 points. Until traders can see what this week's cash cattle market is going to amount to, they've pulled the reins on the cattle market's rally. Asking prices are noted in the South at $200 to $201 but are still not established in the North. No bids are currently on the table.

Posted 08:37 -- April live cattle are down $0.13 at $195.6, March feeder cattle are down $0.10 at $274.125, April lean hogs are up $0.35 at $86.925, May corn is up 2 1/4 cents per bushel and May soybean meal is up $1.30. The Dow Jones Industrial Average is down 10.39 points. After rallying aggressively on Monday and Tuesday, the cattle complex is now trading split with the live cattle contracts trading slightly lower while the feeder cattle complex continues to trend higher. It's likely traders are pulling up on the live cattle contracts as they wait to see what develops in this week's cash cattle market.

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